~20x isn't close in the pantheon of record venture deals, especially when normalized to an IRR (annual return).
Benchmark Capital is often cited since their $6M investment was worth 500M+ at IPO less than a year later and then eventually ballooned to being worth $5B as shit got crazy.
the 12.7M Accel invested into Facebook in the A was worth ~$10B at IPO. I think even that is less on IRR than the ebay deal
You can't compare the entire fund to returns on a single deal. The investment in dropbox, conservatively assuming a 20k investment with dilution to 1% and sticking to the $4B valuation, is already a 2000x return. The actual return will probably be much higher, as DropBox's value will continue increasing.
Right, but those are single deals. You could show similarly silly numbers for YC/Heroku, etc... How did Benchmark and Accel do in aggregate is the question? I don't think that data is public, is it?
Benchmark Capital is often cited since their $6M investment was worth 500M+ at IPO less than a year later and then eventually ballooned to being worth $5B as shit got crazy.
the 12.7M Accel invested into Facebook in the A was worth ~$10B at IPO. I think even that is less on IRR than the ebay deal